Annotated balance sheet · halal screening

Galaxy Digital

The full balance sheet for GLXY, with the line items that feed each halal check marked and explained inline. Read it like a financial report that grades itself.

Showing under

Annotated balance sheet · halal screening

Galaxy Digital — Q1 2026

Source: SEC Form 10-Q filed 2026-03-31 · via FMP · USD millions · Open filing

Assets

Current Assets

Cash & cash equivalents①

$911

Marketable securities①

Accounts receivable

$731

Inventories

Other current assets

$5,299

Total current assets

$6,941

Non-current Assets

Property, plant & equipment, net②tangible

$1,778

Operating lease right-of-use assets②tangible

Long-term marketable securities①

$875

Goodwill

$67

Intangible assets, net

$2,740

Other non-current assets

$-2,408

Total non-current assets

$3,051

TOTAL ASSETS

$9,992

CHECK ①

Cash + Securities Ratio

under AAOIFI

16.1%

✓ PASS

Threshold≤ 30%Buffer13.9 percentage points to spare

Breach risk

Comfortable

0%← Pass zone | Fail zone →45%

Caps how much of a company's value can be held in interest-bearing financial assets — too much suggests the business is more about earning interest than producing real goods/services.

SourceAAOIFI Shariah Standard No. 21 (Financial Papers — Shares and Bonds), §3.5.1

Liabilities

Current Liabilities

Accounts payable

$270

Other current liabilities

$3,382

Deferred revenue

Commercial paper③interest-bearing

Short-term debt③interest-bearing

$433

Total current liabilities

$4,085

Non-current Liabilities

Long-term debt③interest-bearing

$2,626

Other non-current liabilities

$503

Total non-current liabilities

$3,128

TOTAL LIABILITIES

$7,213

CHECK ③

Interest-bearing Debt Ratio

under AAOIFI

27.6%

✓ PASS

Threshold≤ 30%Buffer2.4 percentage points to spare

Breach risk

Near limit

0%← Pass zone | Fail zone →45%

Caps how much of a company's value comes from interest-bearing loans. Companies that rely heavily on riba (interest-based debt) fail this check even if their business itself is permissible.

SourceAAOIFI Shariah Standard No. 21 (Financial Papers — Shares and Bonds), §3.4.2

Income Statement Excerpt (trailing 12 months)

Total revenue

$58,713

Of which:

Product & services revenue

$58,713

Interest income④non-permissible

CHECK ④

Non-permissible Income Ratio

under AAOIFI

0.0%

✓ PASS

Threshold≤ 5%Buffer5.0 percentage points to spare

Breach risk

Comfortable

0%← Pass zone | Fail zone →8%

Caps what fraction of company revenue can come from non-permissible sources. If your stock passes but interest income is high, you'd 'purify' your share of that income through charity.

SourceAAOIFI Shariah Standard No. 21 (Financial Papers — Shares and Bonds), §3.6

Final verdict — under AAOIFI Standard

Not halal

Sector check passes: ✗ no

Want to verify against the primary document? Open full SEC filing

Back to GLXY verdict